James Hambro & Partners LLP Lowers Stock Position in SPDR Gold Shares (NYSEARCA:GLD)

James Hambro & Partners LLP reduced its position in SPDR Gold Shares (NYSEARCA:GLD) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,368 shares of the exchange traded fund’s stock after selling 8,460 shares during the quarter. SPDR Gold Shares comprises about 0.8% of James Hambro & Partners LLP’s investment portfolio, making the stock its 21st biggest position. James Hambro & Partners LLP’s holdings in SPDR Gold Shares were worth $19,535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in shares of SPDR Gold Shares in the second quarter worth $25,000. Semmax Financial Advisors Inc. increased its holdings in SPDR Gold Shares by 78.7% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in SPDR Gold Shares in the first quarter valued at about $26,000. Private Ocean LLC lifted its stake in shares of SPDR Gold Shares by 155.1% during the second quarter. Private Ocean LLC now owns 125 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Security National Bank bought a new position in SPDR Gold Shares during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of SPDR Gold Shares stock traded down $0.05 during trading on Monday, reaching $251.22. The company had a trading volume of 4,416,520 shares, compared to its average volume of 6,970,214. The firm’s fifty day moving average is $237.71 and its 200-day moving average is $225.12. SPDR Gold Shares has a fifty-two week low of $179.11 and a fifty-two week high of $253.14.

SPDR Gold Shares Company Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).